Energy

Gazprom

From the ashes of the Soviet Union, Gazprom rose to redefine global energy politics and power dynamics.

Founded 1989RussiaEnergy
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Quick Facts

Founded
1989
Founder
Viktor Chernomyrdin
Origin
Russia

Founders

Story Chapters

Timeline

Gazprom Founded

Gazprom was established in 1989 by Viktor Chernomyrdin, transitioning from the Soviet Ministry of Gas Industry into a state-run corporation.

Privatization Begins

The Russian government initiated the privatization of Gazprom, allowing private investors and foreign stakeholders to acquire shares.

Financial Crisis Impact

The Russian financial crisis of 1998 hit Gazprom hard, leading to restructuring efforts and a focus on stabilizing its financial standing.

Nord Stream Project

Gazprom announced the Nord Stream project, aiming to deliver Russian natural gas to Europe via a pipeline under the Baltic Sea.

Acquisition of Sibneft

Gazprom expanded its oil interests by acquiring Sibneft, one of Russia's largest oil companies, enhancing its energy portfolio.

Russia-Ukraine Gas Dispute

A pricing dispute with Ukraine led Gazprom to cut off gas supplies, underscoring the geopolitical leverage of energy resources.

Nord Stream Pipeline Inauguration

The Nord Stream pipeline was officially inaugurated, marking a significant milestone in Gazprom's European energy strategy.

Impact of Ukraine Crisis

The annexation of Crimea and subsequent sanctions affected Gazprom's operations and its relations with Western countries.

Power of Siberia Pipeline

Gazprom completed the Power of Siberia pipeline, a major project to supply natural gas to China, diversifying its export markets.

Nord Stream 2 Controversy

The completion of Nord Stream 2 faced geopolitical tensions and regulatory hurdles, reflecting ongoing energy security debates in Europe.

Connected Across The Archives

Explore specific connections to other archives—civilizations, conflicts, dynasties, and treaties that share history with this company.

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